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ED raids 26 locations in ABG Shipyard bank fraud case

The Enforcement Directorate on Tuesday raided multiple premises in Mumbai, Pune and Surat in connection with a money laundering probe against ABG Shipyard Ltd in an alleged Rs 22,842 crore bank......

Cong questions delay in FIR against ABG Shipyard in duping 28 banks

The Congress on Sunday accused those sitting in the highest echelons of power in the Narendra Modi government of complicity, collusion and connivance in what it described as "India's biggest bank......

Mahatma Gandhi's great-grandaughter jailed for 7 years in a fraud case

Ashish Lata Ramgobin, the 56-year-old great-granddaughter of Mahatma Gandhi in South Africa, has been sentenced to seven years in jail by a Durban court in a six-million rand ($442,000) fraud and......

Rajnath wants police stations to be 'temples of justice'

Union Home Minister Rajnath Singh on Friday stressed the need for making police stations as "temples of justice" as he advised police personnel to develop a sense of social responsibility to serve......

National Police Academy set to have first woman boss

National Police Academy, the Hyderabad-based alma mater for Indian Police Services officers in the country, could soon get a woman chief for the first time in its history. Aruna Bahuguna, a......

Asset quality risk, a worry for IndusInd

A Rs 525-crore contingency provision during the July-September period led to a 19 per cent fall in IndusInd Bank’s share price on Friday (October 25). Photograph: Anushree Fadnavis/Reuters......

Ireda's high valuation may limit further stock upside

State-owned Indian Renewable Energy Development Agency’s (Ireda’s) chairman and managing director Pradip Kumar Das has announced that the company has requested the government to allow......

'Housing finance Sector Will Only Grow'

'The demand for housing is always increasing, and so is housing shortage.' Illustration: Dominic Xavier/Rediff.com New Delhi-based PNB Housing Finance will restart its corporate business after......

'Draft infra norms good for industry'

'Probably revised guidelines will come, and then the real picture will emerge.' Kindly note the image has been published only for representational purposes. Photograph: Kind courtesy National......

'MSMEs, mid-corporate will be focus for loan growth'

'As these segments are growing at 25 per cent for the last three years, credit quality has been extremely good.' At a time when most lenders are focusing on growing their retail loan portfolio,......

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